626-628 Pittsburgh Springdale, PA 15144
Two-parcel property featuring retail space and residential income potential.
- Added:
- May 24, 2024
- Days on Market:
- 781
- Last Refresh:
- Apr 6 at 2:58 am
Property Features for 626-628 Pittsburgh
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.01 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 9999
Listing office COLDWELL BANKER REALTY (412) 963-7655
Listing date May 24, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
Key Highlights
- Includes two parcels: 626 and 628 Pittsburgh Street
- First floor retail space is approximately 2000 SF
- Includes refrigerator and stove in each apartment
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.0k | $18.00 |
| − Vacancy | −$2.7k | −$1.35 |
| EGI | $33.3k | $16.65 |
| − OpEx | −$10.0k | −$5.00 |
| NOI | $23.3k | $11.66 |
